Weekly Vietnam Property News (21 – 27/08/2020)

Can Gio beach reclaimed city – a new symbol for national vision and stature

Developing the Smart Eco-Urban Area in Can Gio has become a national decision, expressing a bold strategic vision and national stature on the journey of developing Vietnam into a marine economic power.

Developing the Smart Eco-Urban Area in Can Gio has become a national decision, expressing a bold strategic vision and national stature on the journey of developing Vietnam into a marine economic power.

This is also an attractive big investment opportunity, and is and will continue to attract and converge qualified and capable investors, both at home and abroad, to build and implement large projects. on transport development, diversification – modernization of facilities exploiting natural resources, tourism products, and related services.

Real Estate in the middle of the epidemic season

Citizen’s demand has increased sharply after reasons such as low-interest rates or the desire to leave cramped cities. Now, people’s opportunities to own homes have increased.

Although home sales are soaring, the rental housing market is in trouble

Many small stores and retailers are suffering from the Covid-19 pandemic. The future for restaurants, bars, retail businesses, and large office owners is bleak.

The commercial office and hotel rental industry has also changed, developers of many buildings are now transforming their operations to survive the pandemic and many hotels are trying to find ways to sell their hotels because of the heavy impact of the COVID epidemic.

The price of real estate in District 2, 9, Thu Duc in the Eastern City in the future has increased by more than 40% in the past 3 years

From 2017 to now, the price of primary apartments in 3 planned districts in the eastern city of Ho Chi Minh City has increased rapidly with an average of more than 40% and will continue to establish a new price level when The East City was formed.

Not only was the bright spot in the HCMC real estate market before the translation, but even during the complicated time of the Covid-19 translation, the real estate market slowed down, the real estate in the East was always a special exciting point in the market. Specifically, the statistics show that in the first 7 months of 2020, district 2, district 9, and Thu Duc district … are areas of strong interest for homebuyers in HCMC.

According to experts, an important driving force to strongly promote the development of the real estate market in the East area of ​​3 districts 2.9, Thu Duc is not just planning information for the main “city inside the city”. This has been a dramatic acceleration in terms of infrastructure over the past few years.

Along with the breakthrough in infrastructure, another factor driving the price of real estate in the East increased sharply is the scarcity of goods, in the past 2 years, most developers have deployed new projects in the East, However, the legal congestion of the project since 2018 caused a serious decline in home supply. This has contributed to pushing up the selling price of the product.

Real estate M&A is still hot during the epidemic season

According to experts, before the double impact of the global epidemic and long-standing legal bottlenecks in the real estate market, many businesses have been facing difficult situations, even standing by the bankruptcy sector and a part of investors have taken advantage of this opportunity to break through and improve the business situation.

Right in the Covid-19 season, many businesses are taking advantage of hunting land funds, expanding their list of projects to prepare their next basket of goods.

The market has seen a lot of potential investors who have been willing to buy and receive projects from investors facing difficulties in the real estate sector.

Through M&A deals, businesses save a lot of time in completing legal procedures, as well as solving problems related to compensation and site clearance.

Compiled from many sources by LOOKOFFICE

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